Adobe Inc. $ADBE Stake Increased by Barlow Wealth Partners Inc.

Key Points

• Barlow Wealth Partners Inc. increased its stake in Adobe Inc. by 5.8% in the second quarter, owning a total of 35,807 shares valued at approximately $13.55 million.
• Multiple institutional investors have also significantly increased their holdings in Adobe, with Assenagon Asset Management S.A. raising its stake by 308.1% and Goldman Sachs boosting its stake by 68.3%.
• Despite various analyst ratings, Adobe's stock has an average rating of "Hold" with a target price of approximately $433.41, reflecting mixed sentiment among analysts.

Barlow Wealth Partners Inc. increased its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 5.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,807 shares of the software company's stock after buying an additional 1,961 shares during the period. Adobe comprises about 1.6% of Barlow Wealth Partners Inc.'s investment portfolio, making the stock its 29th largest position. Barlow Wealth Partners Inc.'s holdings in Adobe were worth $13,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADBE. Assenagon Asset Management S.A. increased its stake in shares of Adobe by 308.1% in the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company's stock worth $1,202,979,000 after buying an additional 2,347,562 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Adobe by 68.3% during the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock valued at $1,754,954,000 after purchasing an additional 1,856,544 shares during the last quarter. Nuveen LLC bought a new stake in Adobe during the first quarter valued at $607,443,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Adobe by 1,482.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company's stock valued at $498,000 after purchasing an additional 1,216,351 shares during the last quarter. Finally, Amundi increased its stake in Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company's stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the last quarter. Institutional investors own 81.79% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on ADBE shares. DA Davidson reiterated a "buy" rating and set a $500.00 target price on shares of Adobe in a research note on Friday, September 12th. BMO Capital Markets reduced their price objective on shares of Adobe from $450.00 to $405.00 and set an "outperform" rating for the company in a report on Friday, September 12th. Piper Sandler reduced their price objective on shares of Adobe from $500.00 to $470.00 and set an "overweight" rating for the company in a report on Friday, September 12th. Morgan Stanley cut shares of Adobe from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. Finally, Barclays boosted their price objective on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $433.41.

Adobe Price Performance

Shares of ADBE opened at $330.63 on Thursday. The company has a market capitalization of $138.40 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.51 and a beta of 1.49. Adobe Inc. has a fifty-two week low of $329.20 and a fifty-two week high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The business's 50-day moving average is $351.33 and its 200-day moving average is $369.58.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

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